Mortgage Rates Are Not Actually The Lowest Since April 2023

It continues to be the case that mortgage rates are moving in a very narrow range with minimal changes from day to day. For instance, in the past week, the average mortgage payment would not have changed by more than $2 a month on a $300k loan. That said, the past two days have seen the biggest move

Mortgage Rates Lower Despite Bond Market Weakness

On Wednesday, the average mortgage lender was quoting top tier, conventional 30yr fixed rates at the 2nd lowest level in more than a year.  That's counterintuitive considering the modest losses in the bond market (weaker bonds = higher rates, all other things being equal). The explanation comes

Mortgage Rates Sideways to Slightly Lower

It was another generally uneventful day for the bond markets and, consequently, for the mortgage rates that take cues from bond market movement.  While there were a few more economic reports on tap, none of them had a big impact on trading levels. Instead, bonds began the day in slightly weaker

Mortgage Rates Basically Unchanged Over The Weekend

Mortgage rate movement is tied to activity in the bond market and like many things in the world of finance, the bond market depends on participation from human beings. As such, late summertime Mondays are occasionally superfluous when it comes to contributing to the broader interest rate narrative.&